Exec Who Took Chemical Co. Clients Hit With $725K Verdict

By Jeremy Heallen

Law360, Houston (February 26, 2013, 12:44 AM ET) -- A Texas jury on Friday returned a $725K verdict in favor of a chemical recycling business that accused one of its former principal executives of spending the last years of his employment at the company stealing customers and employees while setting up the firm for financial ruin so he could go into competition.

Jurors agreed with Emergent Industrial Solutions LP founder Paul A. Ducharme, who had claimed his former business partner, Todd Pencarinha, concealed from him the company’s true financial condition and was secretly developing his...